AMOC’s board proposes cash dividends payment for FY 2021/2022
Updated 8/22/2022 8:31:00 AM
Arab Finance: The board of directors of Alexandria Mineral Oils Company (AMOC) has recommended the distribution of cash dividends worth EGP 0.45 per share for fiscal year (FY) 2021/2022, according to a disclosure filed to the Egyptian Exchange (EGX) on August 21st.
The cash dividends payment proposal will be discussed at the company’s upcoming ordinary general meeting (OGM).
It is worth noting that AMOC posted a consolidated net profit after tax of EGP 1.226 billion in FY 2021/2022, rising by 146% year-on-year (YoY).
AMOC is an Egypt-based company that operates in the petroleum industry. The company specializes in the production of essential mineral oils, paraffin wax and its derivatives, naphtha, and butane, as well as distributes and markets them in Egypt and abroad.
